Welcome to our dedicated page for Cohen & Steers news (Ticker: CNS), a resource for investors and traders seeking the latest updates and insights on Cohen & Steers stock.
Cohen & Steers, Inc. (NYSE: CNS) is a global investment manager specializing in real assets and alternative income, with a focus on listed and private real estate, preferred securities, infrastructure, resource equities, commodities and multi-strategy solutions. Founded in 1986 and headquartered in New York City, the firm also maintains offices in London, Dublin, Hong Kong, Tokyo and Singapore, and regularly reports on its business through press releases and regulatory filings.
This news page aggregates company announcements and updates related to Cohen & Steers and its investment vehicles. Readers can find information on preliminary assets under management and net flows, where the firm breaks down AUM across institutional advisory and subadvisory accounts, open-end funds and closed-end funds, and explains the impact of market movements, net flows and distributions. The page also features notices for Cohen & Steers-managed closed-end funds such as UTF, RQI, RFI, RNP and FOF, including details on managed distribution policies and the estimated sources of monthly distributions.
In addition to fund-related disclosures, the news feed includes corporate developments such as leadership appointments, regional management changes and updates on the firm’s private real estate operations. Earnings release schedules and information about upcoming conference calls are also highlighted, indicating when quarterly and full-year results will be available and how investors and analysts can access related materials.
By reviewing the items on this page, investors can see how Cohen & Steers communicates on topics like distribution composition, fund performance metrics, assets under management trends and organizational changes. This historical record of press releases and notices provides context around the company’s activities in real assets and alternative income across its global platform.
Cohen & Steers (NYSE: CNS) has announced its fourth quarter 2024 dividend. The company's Board of Directors has declared a cash dividend of $0.59 per share of common stock. The dividend will be paid on December 2, 2024 to stockholders of record at the close of business on November 18, 2024.
Cohen & Steers REIT and Preferred and Income Fund (NYSE: RNP) announced its October 2024 distribution details. The Fund's current distribution of $0.1360 per share comes entirely from net investment income. Year-to-date through September 30, 2024, the Fund achieved a 16.98% cumulative total return with a 5.93% cumulative distribution rate. The Fund's five-year average annual total return ending September 30, 2024, stands at 6.79%, with a current annualized distribution rate of 7.12%. The Fund operates under a managed distribution policy implemented in December 2017 to deliver long-term total return potential through regular monthly distributions.
Cohen & Steers Total Return Realty Fund (RFI) has announced its October 2024 distribution details. The Fund's current distribution of $0.0800 per share comprises 17.13% from net investment income and 82.87% from net realized long-term capital gains. Year-to-date distributions total $0.8000 per share, sourced from net investment income (29.51%), short-term capital gains (14.26%), long-term capital gains (52.68%), and return of capital (3.55%). The Fund's year-to-date cumulative total return through September 2024 is 13.52%, with a current annualized distribution rate of 7.52% and a five-year average annual total return of 5.96%.
Cohen & Steers Quality Income Realty Fund announces its October 2024 distribution details. The Fund maintains a managed distribution policy implemented in December 2012 to deliver long-term returns through monthly distributions. The current distribution of $0.0800 per share comprises 12.38% from net investment income and 87.62% from net realized long-term capital gains. The Fund's year-to-date cumulative total return through September 30, 2024, is 17.76%, with a cumulative distribution rate of 5.52%. The Fund's five-year average annual total return ending September 30, 2024, stands at 7.23%, with a current annualized distribution rate of 6.63%.
Cohen & Steers Infrastructure Fund (UTF) announced its October 2024 distribution details and year-to-date performance. The Fund's October distribution of $0.1550 per share comprises 36.32% net investment income, 39.10% short-term capital gains, 19.16% long-term capital gains, and 5.42% return of capital. The Fund's year-to-date cumulative total return through September 30, 2024, was 19.95%, with a current annualized distribution rate of 7.19%. The Fund maintains a managed distribution policy implemented in March 2015 to deliver long-term total returns through regular monthly distributions.
Cohen & Steers Closed-End Opportunity Fund announced its October 2024 distribution details. The Fund maintains a managed distribution policy implemented in December 2021 to deliver long-term total returns through monthly distributions. The current distribution of $0.0870 per share comprises 36.09% from net investment income and 63.91% from return of capital. Year-to-date through September 30, 2024, the Fund reported a cumulative total return of 21.24% and a five-year average annual total return of 7.59%. The current annualized distribution rate stands at 8.52% based on NAV.
Cohen & Steers (NYSE: CNS) and DLC have jointly acquired Springfield Commons, a 119,085 square foot open-air shopping center in Springfield, Virginia. Located 15 miles west of Washington, D.C., the property is currently 78% occupied by tenants including Pure Gym, Old Navy, Pure Hockey, and Staples, with expectations to reach 98% occupancy short-term. The center is shadow anchored by Virginia's most visited Home Depot.
The retail submarket shows strong performance with 96.9% occupancy and 3.3% year-over-year rent growth, exceeding national averages of 95.7% and 2.9%. Open-air shopping centers currently maintain their highest occupancy level in 16 years and were the best performing private core real estate sector in 2023.
Cohen & Steers (NYSE: CNS) and Acadia Realty Trust have formed a joint venture to acquire The Walk at Highwoods, a 141,000 square foot open-air shopping center in Tampa, Florida. The fully occupied center features national retailers including HomeGoods, Michael's, and Dunkin'. Located in a high-growth suburban area, the property benefits from Tampa's strong economic growth, favorable tax environment, and expanding technology and financial sectors. The local market shows impressive metrics with 6.4% retail rent growth over the last 12 months and a low 2.3% vacancy rate. Open-air shopping centers nationally are at 95.7% occupancy, their highest level in 16 years.
Cohen & Steers, Inc. (NYSE: CNS) has announced its financial results for the third quarter of 2024, ending September 30. The company has made the earnings release and accompanying presentation available on its website under the Investor Relations section. A conference call is scheduled for October 17, 2024, at 10:00 a.m. (ET) to discuss these results.
The call will be hosted by Joseph Harvey (CEO and president), Raja Dakkuri (CFO), and Jon Cheigh (CIO). Investors and analysts can join via webcast or telephone, with dial-in numbers provided for both U.S. and international participants. A replay of the call will be available for two weeks following the conference.
Cohen & Steers, Inc. (NYSE: CNS) has announced that it will release its third quarter 2024 results after the market closes on Wednesday, October 16, 2024. The company will host a conference call on Thursday, October 17, 2024 at 10:00 a.m. (ET) to review the operating results and outlook. The call will be accessible via webcast and telephone.
Key executives participating in the call include Joseph Harvey (CEO and president), Raja Dakkuri (CFO), and Jon Cheigh (CIO). Investors and analysts can join the live conference call by dialing 800-715-9871 (U.S.) or +1-646-307-1963 (international) with passcode: 8494569. A replay of the call will be available for two weeks starting October 17, 2024.